How Big is the PVD Equipment Market | Forecast & Growth Analysis 2031

Code: MTA9137 Publication Date: Sep 2025

How Big is the PVD Equipment Market?

According to 6Wresearch internal database and industry insights, the PVD Equipment Market was estimated at USD 12 billion in 2024 and is projected to reach USD 21 billion by 2031, expanding at a CAGR of 8.5% during the forecast period 2025-2031.

The primary factors driving this growth are the creation of environmentally friendly coatings, the increased focus on environmental sustainability, and the expanding demand for advanced coatings across a range of industries, including electronics, automotive, and aerospace.

 Key Growth Drivers of the PVD Equipment Market

  •  The use of PVD coatings in the electronics, automotive, and aerospace industries
  •  Growing need for long-lasting, high-performance coatings to extend product life
  •  Improvements in PVD equipment technology for increased accuracy and efficiency
  •  PVD coatings are being used in consumer goods for aesthetic purposes.
  •  Demand for environmentally friendly and sustainable coating technologies
  •  Growing industrial uses for machinery, tools, and medical devices

PVD Equipment Market Trends

The PVD Equipment Market is set to grow with notable trends such as the increasing adoption of PVD coatings for enhancing the durability and appearance of automotive components, electronics, and medical devices.The need for sophisticated coatings to enhance the functionality and durability of devices is being driven by the trend toward electronics miniaturization. Additionally, the increasing need for sustainable and eco-friendly coating solutions is driving developments in PVD equipment that reduce material waste and energy consumption. Modern technologies like automation and intelligent monitoring systems are being incorporated into PVD equipment to improve precision and productivity.

Emerging Developments in the PVD Equipment Market

The PVD Equipment Market is evolving with significant advancements in coating materials and techniques. The market is expanding due to research into high-performance coatings, such as materials that are harder and more resistant to corrosion.  Manufacturers are investing in next-generation PVD technologies, like atomic layer deposition and hybrid coating techniques, to meet the demands of industries that require ultra-thin and incredibly durable coatings. Additionally, the development of PVD equipment that is more cost-effective, efficient, and environmentally friendly is causing changes in the industry. The increasing demand for high-quality coatings in electronic and medical devices is driving innovation in PVD equipment, ensuring a greater range of applications.

List of Leading Companies in the PVD Equipment Market

Some of the leading companies include:

  • Applied Materials, Inc.
  • Oerlikon Balzers
  • Veeco Instruments
  • ULVAC, Inc.
  • IHI Ionbond AG
  • Singulus Technologies AG

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